Techstep has signed Tradebroker agreement - estimated contract value exceeding NOK 600 million

Reference is made to the stock exchange announcement on 19 August 2024 relating to the award of a frame agreement with the Norwegian procurement agency Tradebroker. The contract, which covers the delivery of mobile devices, accessories and related mobile and circular technology services and solutions to Tradebrokers’ member organisations, is now signed.

Tradebroker currently represents 83 large and medium-sized Norwegian companies with close to 200,000 employees across public and private sector. Notably, 41 of these companies have already committed to procuring under this new frame agreement, marking an increase from previous commitments. The volume of procurement will vary based on the individual calls made by these members throughout the contract's duration.

This new frame agreement replaces a prior frame agreement Techstep has shared with another supplier. The estimated annual contract value is NOK 120 - 150 million, representing a 20-50% increase from the previous agreement, as Techstep now is the sole supplier. The agreement also offers good opportunities for adding additional member organisations and upselling a broader range of services and solutions from Techstep’s product portfolio. The contract will initially run for three years, with an option to extend for an additional two years.

A key focus in the selection process was the ability to deliver mobile devices as-a-service, combined with lifecycle management and environmental sustainability through a circular approach.

The agreement will be effective from 1 October 2024.

For further information

Morten Meier, CEO, Techstep ASA: +47 970 57 717
Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About Techstep ASA

Techstep is a mobile and circular technology company, enabling organisations to perform smartly, securely, and sustainably by combining mobile devices, software and expertise to meet customers’ business and ESG goals. We are a leading provider of managed mobility services in Europe, serving more than 2,100 customers in Europe with an annual revenue of NOK 1.1 billion in 2023. The company is listed on the Oslo Stock Exchange under the ticker TECH. To learn more, please visit www.techstep.io.